2020-21 Budget Workshop Non-Operating Funds May 11, 2020 SHAWNEE - - PowerPoint PPT Presentation

2020-21 Budget Workshop

Non-Operating Funds

May 11, 2020

SHAWNEE MISSION SCHOOL DISTRICT THE BRIDGE TO UNLIMITED POSSIBILITIES

Every student will have a personalized learning plan that supports them in being college/career ready and having the interpersonal skills important to life success.

DESTINATION

School Admin 5% Instruction 50% Student Support 5% Instructional Staff Support 3% Transportation 4% Food Services 3% Operations & Maintenance 8% Capital Improvements 3% Dept Services 14% Central Services 3% General Admin 1%

Facilities 25% General & Central Administration 4% Direct Support for Students and Teachers 70%

.SMSD.

Allocation of School Spending 2019

See KSDE (2020) https://www.ksde.org/Portals/0/School%20Finance/budget/Budget_at_a_Glance/19-20_Summary/Profile512-2020.pdf

4

Operational vs Non-Operational Budgets Expenditures

• Operational Budget includes the daily expenditures associated with running the school

district, primarily salaries & benefits as well as transportation, utilities and supplies & services.

• Non-Operational are directed primary to maintaining, repairing, and rebuilding district
• facilities. Non-operational dollars cannot be used for daily operational expenditures, but

for a few specifically defined exceptions.

• Capital Budget include purchases for educational equipment, ongoing facilities

upkeep and repairs to buildings according to an established replacement

• cycle. These funds are typically not large enough for major renovations or
• reconstruction. Capital outlay dollars cannot be used for operational needs, except

for the salaries of maintenance and custodians who maintain the facilities.

• Bond Funds dedicated to new construction and remodel of district facilities. Bond

funds cannot be used for operational needs. see SMSD Budget and Finance FAQ

SMSD BUDGET 2019-2020

CAPITAL OUTLAY Local-Restricted $46,926,311 12% (State = 0%) SUPPORTING (OPERATING) $242,821,804 61% (State = 72%) Restricted by statute for these purposes:

• Bond Debt &

Apple Leases

• Construction
• Renovation &

repair

• Maintenance

salaries

• Technology and

software

• Furnishings and

equipment

• Uniform

purchases Requires voter approval and is restricted for these purposes:

• Major

construction and renovation of facilities

• Equip and furnish

facilities

• Cannot be used

for operations

• Bond debt is paid

from the Bond & Interest Fund BOND (DEBT) Local-Restricted $223,000,000 $32,931,466 Debt 8% (State = 0%) FLOW THROUGH State/Local - Restricted $40,125,079 - 10% (State = 80%) FEDERAL Restricted $11,299,896 3% (Federal = 100%) SELF SUPPORTED Fees, Gifts, Grants

• Restricted

$24,125,682 – 6% (State = 1%) Restricted by statute for these purposes:

• KPERS flow-

through contribution funded by the state

• Cost of living

weighting funded by local taxes Restricted by grant for these purposes:

• Title VIB special

education

• Title I reading &

math support in

• ur high poverty

schools

• Title IIA to

develop high qualified teachers and principals

• Title III & IV

Restricted by statute for the revenue specific purposes:

• Food service

and summer school

• Textbook rental

& student materials

• Gift, Donations

& non-federal grants

• Special liability

Unrestricted for these purposes:

• Salary &

benefits 83%

• Student

transportation 6%

• Supplies &

services 5%

• Utilities 4%
• Other 2%

Assessed Valuation (In Billions)

0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 $4.29 billion 5.1%

Kansas State Statue Authorized Use of Funds

Article 53 – Capital Outlay State Aid, 72-53,116. Capital outlay fund; use of moneys; investments authorized. (a) Any moneys in the capital outlay fund of any school district and any moneys received from issuance of bonds under K.S.A. 72-53,117 or 72-53,122, and amendments thereto, may be used for the purpose of the acquisition, construction, reconstruction, repair, remodeling, additions to, furnishing, maintaining and equipping of school district property and equipment necessary for school district purposes, including: (1) Computer software; (2) performance uniforms; (3) housing and boarding pupils enrolled in an area vocational school operated under the board of education; (4) architectural expenses; (5) building sites; (6) undertaking and maintenance of asbestos control projects; (7) school buses; and (8) other fixed assets.

http://www.kslegislature.org/li/b2019_20/statute/072_000_0000_chapter/072_053_0000_article/072_053_011 6_section/072_053_0116_k/

Beginning Fund Balance $13,660,866 Revenues: Property/MV Taxes $35,659,858 Miscellaneous/Interest 174,853 Apple Repair/Replacement Fees 125,000 Apple Trade-In 1,750,000 Total Revenues $37,709,711 Total Budget Available $51,370,577

Capital Outlay:

Revenue

Total Budget Available $51,370,577 Expenditures: Schools/Departments $ 1,783,096 Technology 4,238,119 Operations and Maintenance 13,000,000 Salaries and Benefits 4,529,308 Bond and Apple Lease Payments 17,235,373 Unallocated Projects 5,584,681 Total Expenditures $46,370,577 Ending Fund Balance $5,000,000

Capital Outlay:

Expenditures

Fund Beginning Balance Receipts Expenditures Ending Balance Bond & Interest $ 22,285,127 $ 32,291,528 $ 33,236,363 $ 21,340,292 Special Assessment 642,652 712,268 850,000 504,920

Other Debt Funds

0.00 5.00 10.00 15.00 20.00 25.00 2021 2023 2025 2027 2029 2031 2033 2035 2037 2039 In Millions

Debt Service Requirements by Year and Issue

2012A - Refunding 2015A - Construction 2016B - Construction Interest

7.436 Current Mill Rate

7.434

Projected Mill Rates

6.934 6.934 6.934 6.934 6.934

$- $20 $40 $60 $80 $100 $120 $140 Issue 1 - 2015A $123,118,029 Issue 2 - 2016B $127,491,344 Millions Remaining Spent

2015 Bond Authorization - $223 Million

FLOW-THROUGH FUNDS TO THE STATE

Cost of Living $ 8,196,400 KPERS 32,000,000 Total $ 40,196,400

Self Supported Funds

Fund Beginning Balance Receipts Expenditures Ending Balance Adult Supplemental $ 35,421 $ 0 $ 35,421 $ 0 E‐School 527,117 116,400 94,312 549,205 Food Service 3,072,568 11,525,000 14,597,568 Summer School 969,835 437,000 926,774 480,061 Special Liability 1,660,007 948,062 1,208,000 1,400,069 Student Materials 304,686 724,000 1,028,686 Textbook Rental 983,365 897,401 1,880,766 Health Reserve 79,720 1,649,237 1,649,237 79,720 Gifts, Grants & Donations 1,174,022 563,186 680,897 1,056,311 Drug Free Schools‐Local 35,803 27,000 62,803

0.000 10.000 20.000 30.000 40.000 50.000 60.000 Special Liability Special Assessment Declining Enrollment Cost of Living Bond & Interest Capital Outlay LOB General Fund * Anticipated 2020 cost to owner of $200,000 home -- $1,150

Mill Levy History

Projected 2020 Mill Levy – 51.995 (0.24% decrease)

Budget Timeline

Budget Workshop – Non Operating Funds May 11, 2020 Budget Workshop – Operating Funds May 26, 2020 Approval of Publication July 20, 2020 (tentative) Publication of Notice of Hearing in KC Star July 24, 2020 (approximately) 10-day Publication Noticed Ends August 3, 2020 Budget Hearing and Adoption August 10, 2020 (tentative) Budget Submission Deadline August 25, 2020 Presentation can be found at SMSD.org – Budget & Finance Section